While the Financial service sector is slowly transforming its nowhere near enough. This was heard at that Banking Summit hosted by the Banking Association in Johannesburg today. The sector has long been criticised for the pedestrian way in which it empowers the previously disadvantaged.
For more news, visit: http://www.sabc.co.za/news

published:15 Sep 2017

views:181

Some institutions may struggle to re-capitalize

published:16 Aug 2017

views:276

A cut of RenegadeInc.'s show on RT UK, full episode here:
https://www.rt.com/shows/renegade-inc/379579-uk-finance-curse-suffer/

The 'remorseless' growth of cyber crime is leading to 4,000 ransom attacks a day and gangs' technological capability now threatens critical parts of the financial sector, the head of Europol said on Wednesday.Online criminals have become so sophisticated that gangs have created 'conglomerations' with company structures that specialise in different criminal activities to carry out the attacks, Rob Wainwright, who leads the EU law enforcement agency, said.'What really concerns me is the sophistication of the capability, which is becoming good enough to really threaten parts of our critical infrastructure, certainly in the financial, banking sector,' he told Reuters.And while not all those 4,000 ransom attacks - which demand money to restore access to files that have been frozen or encrypted - are on banks, the financial services sector is seen as a key target because of the potential profits for the criminals.Even bank payment systems and ATM cash machines fall prey, Wainwright said.The launch of ransomware attacks such as Wannacry, which struck firms around the world in May and June, has changed the dynamic of such attacks, by propagating them more widely through companies' computer systems, Wainwright said.The rapidly spreading extortion campaigns underscored concerns that businesses have failed to secure their networks from increasingly aggressive hackers, who have shown they are capable of shutting down critical infrastructure and crippling corporate and government networks.'The real threat comes from a sort of exponential, remorseless increase in the scale and significance of cyber criminal capability,' Wainwright said on the sidelines of the Web Summit technology conference in Lisbon.He said every year there now 'seems to be a doubling, or tripling, of one kind of threat or another, in terms of scale'.He said the challenge of fighting cyber criminals is that they can be based 'in their bedrooms', making it difficult to find them.A majority of cyber criminals 'we are working against are Russian speaking, not just Russian', he said. Russia denies it is involved in hacking.Last year, police authorities in several countries smashed 20 criminal groups that had created a 'service-based economy' for the rest of the criminal market, such as providing ways to launder money or sell drugs online.Such criminals gangs operate on the so-called dark web, which can only be accessed with special software.It is used by criminals doing everything from selling drugs to guns, but also attacking payments systems and other parts of the financial system.'There is this sort of cyber criminal underworld that's a lot bigger and smarter and adept than most people think,' Wainwright said.'And, against it, we still have generally low cyber security standards.'
AutoNews- Source:
http://www.dailymail.co.uk/sciencetech/article-5063313/Fast-growing-cyber-crime-threatens-financial-sector-Europol.html?ITO=1490&ns_mchannel=rss&ns_campaign=1490

The history of financial services

The term "financial services" became more prevalent in the United States partly as a result of the Gramm-Leach-Bliley Act of the late 1990s, which enabled different types of companies operating in the U.S. financial services industry at that time to merge.

Companies usually have two distinct approaches to this new type of business. One approach would be a bank which simply buys an insurance company or an investment bank, keeps the original brands of the acquired firm, and adds the acquisition to its holding company simply to diversify its earnings. Outside the U.S. (e.g., in Japan), non-financial services companies are permitted within the holding company. In this scenario, each company still looks independent, and has its own customers, etc. In the other style, a bank would simply create its own brokerage division or insurance division and attempt to sell those products to its own existing customers, with incentives for combining all things with one company.

Transformation in the financial sector is not enough

While the Financial service sector is slowly transforming its nowhere near enough. This was heard at that Banking Summit hosted by the Banking Association in Johannesburg today. The sector has long been criticised for the pedestrian way in which it empowers the previously disadvantaged.
For more news, visit: http://www.sabc.co.za/news

28:34

Financial Sector - The Market Place on Joy News (16-8-17)

Financial Sector - The Market Place on Joy News (16-8-17)

Financial Sector - The Market Place on Joy News (16-8-17)

Some institutions may struggle to re-capitalize

15:45

Prof. Werner brilliantly explains how the banking system and financial sector really work.

Prof. Werner brilliantly explains how the banking system and financial sector really work.

Prof. Werner brilliantly explains how the banking system and financial sector really work.

A cut of RenegadeInc.'s show on RT UK, full episode here:
https://www.rt.com/shows/renegade-inc/379579-uk-finance-curse-suffer/

Breaking News - Fast-growing cyber crime threatens financial sector

The 'remorseless' growth of cyber crime is leading to 4,000 ransom attacks a day and gangs' technological capability now threatens critical parts of the financial sector, the head of Europol said on Wednesday.Online criminals have become so sophisticated that gangs have created 'conglomerations' with company structures that specialise in different criminal activities to carry out the attacks, Rob Wainwright, who leads the EU law enforcement agency, said.'What really concerns me is the sophistication of the capability, which is becoming good enough to really threaten parts of our critical infrastructure, certainly in the financial, banking sector,' he told Reuters.And while not all those 4,000 ransom attacks - which demand money to restore access to files that have been frozen or encrypted - are on banks, the financial services sector is seen as a key target because of the potential profits for the criminals.Even bank payment systems and ATM cash machines fall prey, Wainwright said.The launch of ransomware attacks such as Wannacry, which struck firms around the world in May and June, has changed the dynamic of such attacks, by propagating them more widely through companies' computer systems, Wainwright said.The rapidly spreading extortion campaigns underscored concerns that businesses have failed to secure their networks from increasingly aggressive hackers, who have shown they are capable of shutting down critical infrastructure and crippling corporate and government networks.'The real threat comes from a sort of exponential, remorseless increase in the scale and significance of cyber criminal capability,' Wainwright said on the sidelines of the Web Summit technology conference in Lisbon.He said every year there now 'seems to be a doubling, or tripling, of one kind of threat or another, in terms of scale'.He said the challenge of fighting cyber criminals is that they can be based 'in their bedrooms', making it difficult to find them.A majority of cyber criminals 'we are working against are Russian speaking, not just Russian', he said. Russia denies it is involved in hacking.Last year, police authorities in several countries smashed 20 criminal groups that had created a 'service-based economy' for the rest of the criminal market, such as providing ways to launder money or sell drugs online.Such criminals gangs operate on the so-called dark web, which can only be accessed with special software.It is used by criminals doing everything from selling drugs to guns, but also attacking payments systems and other parts of the financial system.'There is this sort of cyber criminal underworld that's a lot bigger and smarter and adept than most people think,' Wainwright said.'And, against it, we still have generally low cyber security standards.'
AutoNews- Source:
http://www.dailymail.co.uk/sciencetech/article-5063313/Fast-growing-cyber-crime-threatens-financial-sector-Europol.html?ITO=1490&ns_mchannel=rss&ns_campaign=1490

15:51

'Financial sector is untransformed'

'Financial sector is untransformed'

'Financial sector is untransformed'

5:00

Eu moves to extend grip on financial sector after brexit News Today

Eu moves to extend grip on financial sector after brexit News Today

Eu moves to extend grip on financial sector after brexit News Today

Eu moves to extend grip on financial sector after brexit
BRUSSELS Reuters The European Commission on Wednesday proposed transferring some powers to oversee the financial sector from national capitals in a move to extend the EU’s grip on the industry as the bloc prepares for the departure of London, its main financial hub. The proposal is part of a broader longterm plan that could lead to common supervision of the European financial sector and widely exp...

Recapitalisation & Financial Sector Reforms
Hello friends,
Welcome back to Exambin’s Financial learning series. In this session we are going to know about the recapitalisation in financial sector and why it is needed at this time.
Why recapitalisation is in news?
RBI Governor has recently spoken about Recapitalisation of banks needs to be done with a clear and structured foresight.
What is recapitalisation?
• Generally, Recapitalization is a process of restructuring a company's debt and equity mixture, often with the aim of making a company's capital structure more stable or optimal.
• Re-capitalisation of banks means infusing additional capital that is liquid money into the banks in order to give them the liquidity needed to carry out lending and other banking functions.
• On that note, it is a positive sign that the RBI, as the sector’s regulator, and the government, as the principal shareholder of these banks, now are in consultations on the problem.
Why did the liquidity crunch arise?
• The banking sector is badly affected by the build-up of gross Non-Performing Assets (NPAs) which led to liquidity crunch.
• It has also been observed that NPAs are heavily concentrated in Public SectorBanks.
• Some PSBs have NPAs in the range of 15 to 24 per cent.
• This has resulted in slowdown in bank’s lending to industry and retail growth, thus holding back private investment in economic growth.
• The prevalence of bad loans also presents a serious systemic risk to the financial system.
How much is the figures to worry?
• Gross NPAs stood at almost 9.6% of the total bank loans at the end of the last financial year.
• Stressed advances are another 12 per cent as of March 2017
• As much as 86.5 per cent of GNPAs are accounted by large borrowers
• Total Bad loans is reportedly being at Rs.9 Trillion or 9 Lakh Crores.
What are the priorities in this regard?
• NPAProblem -Settling the existing bad loans might require banks to write off a considerable sum, which would affect their capital provisioning, thereby requiring re-capitalisation.
• But, given that NPAs are over Rs 9 lakh crores, a straightforward recapitalisation of PSBs would greatly strain the government’s fiscal position.
• Furthermore, in the absence of deep governance reform, it is uncertain that the NPA problem will ever be solved.
• It is essential, therefore, that the structure of any bank bailout be such that future bad behaviour is not incentivised.
• Disinvestment - Besides capital infusion by the government, raising capital from the market by dilution of government equity and sales of non-core assets are also being considered.
• Dilution of government equity must be accompanied by a reduction in effective government control to make it an attractive buy for the private sector.
• Incentive Mechanism -A mechanism to hold poor performer banks accountable and incentivising good ones is needed.
• Such an approach will produce a stronger public sector banking system.
• Certainly, India cannot afford to pour in more money to the bad performers by penalizing good performers.
What are the steps taken so far?
• The government has made a budgetary provision of pumping in Rs 75,000 crore into state-run banks for the four-year period ending March 2019.
• On June 13, the RBI had drawn up a list of 500 largest defaulters and made public 12 of the largest among the larger list and asked banks to get these accounts cleared through the National Company Law Tribunal.
• These 12 accounts comprise Bhushan Steel, Bhushan Power & Steel, Essar Steel, LancoInfra, Amtek Auto, Electrosteel Steel, Jaypee Infra, Alok Industries and JyotiStructures, Era Infrastructure, ABG Shipyard and MonetIspat which together account for over 25% of the total bad loans of Rs 9 trillion of which Rs 6 trillion are with public sector banks alone.
Ask your questions on the topic we would respons to each and every comment that is being posted.

FINANCIAL SERVICES SECTOR ISSUES

ALERT NEWS IS THE FINANCIAL SECTOR ABOUT TO TAKE A HIT By Gregory Mannarino

ALERT NEWS IS THE FINANCIAL SECTOR ABOUT TO TAKE A HIT By Gregory Mannarino

ALERT NEWS IS THE FINANCIAL SECTOR ABOUT TO TAKE A HIT By Gregory Mannarino

2:00

Signing of Financial Sector Regulation Bill hailed

Signing of Financial Sector Regulation Bill hailed

Signing of Financial Sector Regulation Bill hailed

The Banking Association - which represents the country's major banks - has hailed the signing of the Financial SectorRegulationBill into law by President Zuma yesterday. The new law- commonly known as Twin Peaks- is aimed at further strengthening the regulation of the entire financial services sector in the country.
For more news, visit: http://www.sabc.co.za/news

Outlook on housing finance sector : First Trade

IndiaBulls and Deewan Housing are potentially giving good returns in housing finance sector.
WatchFirstTrade and stay updated with the latest news and updates of share market and stock exchange.
Zee Business is one of the leading and fastest growing Hindi business news channels in India.The channel has revolutionized business news by its innovative programming and path-breaking strategy of making business news a 24/7 activity as it is not just limited to the stock market. This has made Zee Business your channel to wealth and profit.
Besides updated hourly news bulletins, there is a lot to watch out for, whether it be stock market related detailed information, investments, mutual funds, corporate, real estate, travel or leisure. The channel has the most diverse programming portfolio which has positioned it as a channel of choice amongst viewers. By speaking a language of the masses, Zee Business is today the most preferred for business news.
Some of the popular shows of Zee Business are:
Share Bazar, MandiLive, Aap Ka Bazar, First Trade, Big Debate etc.

Transformation in the financial sector is not enough

While the Financial service sector is slowly transforming its nowhere near enough. This was heard at that Banking Summit hosted by the Banking Association in Johannesburg today. The sector has long been criticised for the pedestrian way in which it empowers the previously disadvantaged.
For more news, visit: http://www.sabc.co.za/news

published: 15 Sep 2017

Financial Sector - The Market Place on Joy News (16-8-17)

Some institutions may struggle to re-capitalize

published: 16 Aug 2017

Prof. Werner brilliantly explains how the banking system and financial sector really work.

A cut of RenegadeInc.'s show on RT UK, full episode here:
https://www.rt.com/shows/renegade-inc/379579-uk-finance-curse-suffer/

News Leader: A Game Changer For Financial Services Sector

Breaking News - Fast-growing cyber crime threatens financial sector

The 'remorseless' growth of cyber crime is leading to 4,000 ransom attacks a day and gangs' technological capability now threatens critical parts of the financial sector, the head of Europol said on Wednesday.Online criminals have become so sophisticated that gangs have created 'conglomerations' with company structures that specialise in different criminal activities to carry out the attacks, Rob Wainwright, who leads the EU law enforcement agency, said.'What really concerns me is the sophistication of the capability, which is becoming good enough to really threaten parts of our critical infrastructure, certainly in the financial, banking sector,' he told Reuters.And while not all those 4,000 ransom attacks - which demand money to restore access to files that have been frozen or encrypted ...

published: 09 Nov 2017

'Financial sector is untransformed'

published: 27 Nov 2017

Eu moves to extend grip on financial sector after brexit News Today

Eu moves to extend grip on financial sector after brexit
BRUSSELS Reuters The European Commission on Wednesday proposed transferring some powers to oversee the financial sector from national capitals in a move to extend the EU’s grip on the industry as the bloc prepares for the departure of London, its main financial hub. The proposal is part of a broader longterm plan that could lead to common supervision of the European financial sector and widely exp...

Recapitalisation & Financial Sector Reforms
Hello friends,
Welcome back to Exambin’s Financial learning series. In this session we are going to know about the recapitalisation in financial sector and why it is needed at this time.
Why recapitalisation is in news?
RBI Governor has recently spoken about Recapitalisation of banks needs to be done with a clear and structured foresight.
What is recapitalisation?
• Generally, Recapitalization is a process of restructuring a company's debt and equity mixture, often with the aim of making a company's capital structure more stable or optimal.
• Re-capitalisation of banks means infusing additional capital that is liquid money into the banks in order to give them the liquidity needed to carry out lending and other banking functions.
• On that note...

published: 23 Aug 2017

FINANCIAL SERVICES SECTOR ISSUES

ALERT NEWS IS THE FINANCIAL SECTOR ABOUT TO TAKE A HIT By Gregory Mannarino

published: 04 Dec 2016

Signing of Financial Sector Regulation Bill hailed

The Banking Association - which represents the country's major banks - has hailed the signing of the Financial SectorRegulationBill into law by President Zuma yesterday. The new law- commonly known as Twin Peaks- is aimed at further strengthening the regulation of the entire financial services sector in the country.
For more news, visit: http://www.sabc.co.za/news

published: 22 Aug 2017

Trump a win for financial sector?

Outlook on housing finance sector : First Trade

IndiaBulls and Deewan Housing are potentially giving good returns in housing finance sector.
WatchFirstTrade and stay updated with the latest news and updates of share market and stock exchange.
Zee Business is one of the leading and fastest growing Hindi business news channels in India.The channel has revolutionized business news by its innovative programming and path-breaking strategy of making business news a 24/7 activity as it is not just limited to the stock market. This has made Zee Business your channel to wealth and profit.
Besides updated hourly news bulletins, there is a lot to watch out for, whether it be stock market related detailed information, investments, mutual funds, corporate, real estate, travel or leisure. The channel has the most diverse programming portfolio ...

While the Financial service sector is slowly transforming its nowhere near enough. This was heard at that Banking Summit hosted by the Banking Association in Johannesburg today. The sector has long been criticised for the pedestrian way in which it empowers the previously disadvantaged.
For more news, visit: http://www.sabc.co.za/news

While the Financial service sector is slowly transforming its nowhere near enough. This was heard at that Banking Summit hosted by the Banking Association in Johannesburg today. The sector has long been criticised for the pedestrian way in which it empowers the previously disadvantaged.
For more news, visit: http://www.sabc.co.za/news

Breaking News - Fast-growing cyber crime threatens financial sector

The 'remorseless' growth of cyber crime is leading to 4,000 ransom attacks a day and gangs' technological capability now threatens critical parts of the financi...

The 'remorseless' growth of cyber crime is leading to 4,000 ransom attacks a day and gangs' technological capability now threatens critical parts of the financial sector, the head of Europol said on Wednesday.Online criminals have become so sophisticated that gangs have created 'conglomerations' with company structures that specialise in different criminal activities to carry out the attacks, Rob Wainwright, who leads the EU law enforcement agency, said.'What really concerns me is the sophistication of the capability, which is becoming good enough to really threaten parts of our critical infrastructure, certainly in the financial, banking sector,' he told Reuters.And while not all those 4,000 ransom attacks - which demand money to restore access to files that have been frozen or encrypted - are on banks, the financial services sector is seen as a key target because of the potential profits for the criminals.Even bank payment systems and ATM cash machines fall prey, Wainwright said.The launch of ransomware attacks such as Wannacry, which struck firms around the world in May and June, has changed the dynamic of such attacks, by propagating them more widely through companies' computer systems, Wainwright said.The rapidly spreading extortion campaigns underscored concerns that businesses have failed to secure their networks from increasingly aggressive hackers, who have shown they are capable of shutting down critical infrastructure and crippling corporate and government networks.'The real threat comes from a sort of exponential, remorseless increase in the scale and significance of cyber criminal capability,' Wainwright said on the sidelines of the Web Summit technology conference in Lisbon.He said every year there now 'seems to be a doubling, or tripling, of one kind of threat or another, in terms of scale'.He said the challenge of fighting cyber criminals is that they can be based 'in their bedrooms', making it difficult to find them.A majority of cyber criminals 'we are working against are Russian speaking, not just Russian', he said. Russia denies it is involved in hacking.Last year, police authorities in several countries smashed 20 criminal groups that had created a 'service-based economy' for the rest of the criminal market, such as providing ways to launder money or sell drugs online.Such criminals gangs operate on the so-called dark web, which can only be accessed with special software.It is used by criminals doing everything from selling drugs to guns, but also attacking payments systems and other parts of the financial system.'There is this sort of cyber criminal underworld that's a lot bigger and smarter and adept than most people think,' Wainwright said.'And, against it, we still have generally low cyber security standards.'
AutoNews- Source:
http://www.dailymail.co.uk/sciencetech/article-5063313/Fast-growing-cyber-crime-threatens-financial-sector-Europol.html?ITO=1490&ns_mchannel=rss&ns_campaign=1490

The 'remorseless' growth of cyber crime is leading to 4,000 ransom attacks a day and gangs' technological capability now threatens critical parts of the financial sector, the head of Europol said on Wednesday.Online criminals have become so sophisticated that gangs have created 'conglomerations' with company structures that specialise in different criminal activities to carry out the attacks, Rob Wainwright, who leads the EU law enforcement agency, said.'What really concerns me is the sophistication of the capability, which is becoming good enough to really threaten parts of our critical infrastructure, certainly in the financial, banking sector,' he told Reuters.And while not all those 4,000 ransom attacks - which demand money to restore access to files that have been frozen or encrypted - are on banks, the financial services sector is seen as a key target because of the potential profits for the criminals.Even bank payment systems and ATM cash machines fall prey, Wainwright said.The launch of ransomware attacks such as Wannacry, which struck firms around the world in May and June, has changed the dynamic of such attacks, by propagating them more widely through companies' computer systems, Wainwright said.The rapidly spreading extortion campaigns underscored concerns that businesses have failed to secure their networks from increasingly aggressive hackers, who have shown they are capable of shutting down critical infrastructure and crippling corporate and government networks.'The real threat comes from a sort of exponential, remorseless increase in the scale and significance of cyber criminal capability,' Wainwright said on the sidelines of the Web Summit technology conference in Lisbon.He said every year there now 'seems to be a doubling, or tripling, of one kind of threat or another, in terms of scale'.He said the challenge of fighting cyber criminals is that they can be based 'in their bedrooms', making it difficult to find them.A majority of cyber criminals 'we are working against are Russian speaking, not just Russian', he said. Russia denies it is involved in hacking.Last year, police authorities in several countries smashed 20 criminal groups that had created a 'service-based economy' for the rest of the criminal market, such as providing ways to launder money or sell drugs online.Such criminals gangs operate on the so-called dark web, which can only be accessed with special software.It is used by criminals doing everything from selling drugs to guns, but also attacking payments systems and other parts of the financial system.'There is this sort of cyber criminal underworld that's a lot bigger and smarter and adept than most people think,' Wainwright said.'And, against it, we still have generally low cyber security standards.'
AutoNews- Source:
http://www.dailymail.co.uk/sciencetech/article-5063313/Fast-growing-cyber-crime-threatens-financial-sector-Europol.html?ITO=1490&ns_mchannel=rss&ns_campaign=1490

Eu moves to extend grip on financial sector after brexit News Today

Eu moves to extend grip on financial sector after brexit
BRUSSELS Reuters The European Commission on Wednesday proposed transferring some powers to oversee the...

Eu moves to extend grip on financial sector after brexit
BRUSSELS Reuters The European Commission on Wednesday proposed transferring some powers to oversee the financial sector from national capitals in a move to extend the EU’s grip on the industry as the bloc prepares for the departure of London, its main financial hub. The proposal is part of a broader longterm plan that could lead to common supervision of the European financial sector and widely exp...

Eu moves to extend grip on financial sector after brexit
BRUSSELS Reuters The European Commission on Wednesday proposed transferring some powers to oversee the financial sector from national capitals in a move to extend the EU’s grip on the industry as the bloc prepares for the departure of London, its main financial hub. The proposal is part of a broader longterm plan that could lead to common supervision of the European financial sector and widely exp...

Recapitalisation & Financial Sector Reforms
Hello friends,
Welcome back to Exambin’s Financial learning series. In this session we are going to know about the ...

Recapitalisation & Financial Sector Reforms
Hello friends,
Welcome back to Exambin’s Financial learning series. In this session we are going to know about the recapitalisation in financial sector and why it is needed at this time.
Why recapitalisation is in news?
RBI Governor has recently spoken about Recapitalisation of banks needs to be done with a clear and structured foresight.
What is recapitalisation?
• Generally, Recapitalization is a process of restructuring a company's debt and equity mixture, often with the aim of making a company's capital structure more stable or optimal.
• Re-capitalisation of banks means infusing additional capital that is liquid money into the banks in order to give them the liquidity needed to carry out lending and other banking functions.
• On that note, it is a positive sign that the RBI, as the sector’s regulator, and the government, as the principal shareholder of these banks, now are in consultations on the problem.
Why did the liquidity crunch arise?
• The banking sector is badly affected by the build-up of gross Non-Performing Assets (NPAs) which led to liquidity crunch.
• It has also been observed that NPAs are heavily concentrated in Public SectorBanks.
• Some PSBs have NPAs in the range of 15 to 24 per cent.
• This has resulted in slowdown in bank’s lending to industry and retail growth, thus holding back private investment in economic growth.
• The prevalence of bad loans also presents a serious systemic risk to the financial system.
How much is the figures to worry?
• Gross NPAs stood at almost 9.6% of the total bank loans at the end of the last financial year.
• Stressed advances are another 12 per cent as of March 2017
• As much as 86.5 per cent of GNPAs are accounted by large borrowers
• Total Bad loans is reportedly being at Rs.9 Trillion or 9 Lakh Crores.
What are the priorities in this regard?
• NPAProblem -Settling the existing bad loans might require banks to write off a considerable sum, which would affect their capital provisioning, thereby requiring re-capitalisation.
• But, given that NPAs are over Rs 9 lakh crores, a straightforward recapitalisation of PSBs would greatly strain the government’s fiscal position.
• Furthermore, in the absence of deep governance reform, it is uncertain that the NPA problem will ever be solved.
• It is essential, therefore, that the structure of any bank bailout be such that future bad behaviour is not incentivised.
• Disinvestment - Besides capital infusion by the government, raising capital from the market by dilution of government equity and sales of non-core assets are also being considered.
• Dilution of government equity must be accompanied by a reduction in effective government control to make it an attractive buy for the private sector.
• Incentive Mechanism -A mechanism to hold poor performer banks accountable and incentivising good ones is needed.
• Such an approach will produce a stronger public sector banking system.
• Certainly, India cannot afford to pour in more money to the bad performers by penalizing good performers.
What are the steps taken so far?
• The government has made a budgetary provision of pumping in Rs 75,000 crore into state-run banks for the four-year period ending March 2019.
• On June 13, the RBI had drawn up a list of 500 largest defaulters and made public 12 of the largest among the larger list and asked banks to get these accounts cleared through the National Company Law Tribunal.
• These 12 accounts comprise Bhushan Steel, Bhushan Power & Steel, Essar Steel, LancoInfra, Amtek Auto, Electrosteel Steel, Jaypee Infra, Alok Industries and JyotiStructures, Era Infrastructure, ABG Shipyard and MonetIspat which together account for over 25% of the total bad loans of Rs 9 trillion of which Rs 6 trillion are with public sector banks alone.
Ask your questions on the topic we would respons to each and every comment that is being posted.

Recapitalisation & Financial Sector Reforms
Hello friends,
Welcome back to Exambin’s Financial learning series. In this session we are going to know about the recapitalisation in financial sector and why it is needed at this time.
Why recapitalisation is in news?
RBI Governor has recently spoken about Recapitalisation of banks needs to be done with a clear and structured foresight.
What is recapitalisation?
• Generally, Recapitalization is a process of restructuring a company's debt and equity mixture, often with the aim of making a company's capital structure more stable or optimal.
• Re-capitalisation of banks means infusing additional capital that is liquid money into the banks in order to give them the liquidity needed to carry out lending and other banking functions.
• On that note, it is a positive sign that the RBI, as the sector’s regulator, and the government, as the principal shareholder of these banks, now are in consultations on the problem.
Why did the liquidity crunch arise?
• The banking sector is badly affected by the build-up of gross Non-Performing Assets (NPAs) which led to liquidity crunch.
• It has also been observed that NPAs are heavily concentrated in Public SectorBanks.
• Some PSBs have NPAs in the range of 15 to 24 per cent.
• This has resulted in slowdown in bank’s lending to industry and retail growth, thus holding back private investment in economic growth.
• The prevalence of bad loans also presents a serious systemic risk to the financial system.
How much is the figures to worry?
• Gross NPAs stood at almost 9.6% of the total bank loans at the end of the last financial year.
• Stressed advances are another 12 per cent as of March 2017
• As much as 86.5 per cent of GNPAs are accounted by large borrowers
• Total Bad loans is reportedly being at Rs.9 Trillion or 9 Lakh Crores.
What are the priorities in this regard?
• NPAProblem -Settling the existing bad loans might require banks to write off a considerable sum, which would affect their capital provisioning, thereby requiring re-capitalisation.
• But, given that NPAs are over Rs 9 lakh crores, a straightforward recapitalisation of PSBs would greatly strain the government’s fiscal position.
• Furthermore, in the absence of deep governance reform, it is uncertain that the NPA problem will ever be solved.
• It is essential, therefore, that the structure of any bank bailout be such that future bad behaviour is not incentivised.
• Disinvestment - Besides capital infusion by the government, raising capital from the market by dilution of government equity and sales of non-core assets are also being considered.
• Dilution of government equity must be accompanied by a reduction in effective government control to make it an attractive buy for the private sector.
• Incentive Mechanism -A mechanism to hold poor performer banks accountable and incentivising good ones is needed.
• Such an approach will produce a stronger public sector banking system.
• Certainly, India cannot afford to pour in more money to the bad performers by penalizing good performers.
What are the steps taken so far?
• The government has made a budgetary provision of pumping in Rs 75,000 crore into state-run banks for the four-year period ending March 2019.
• On June 13, the RBI had drawn up a list of 500 largest defaulters and made public 12 of the largest among the larger list and asked banks to get these accounts cleared through the National Company Law Tribunal.
• These 12 accounts comprise Bhushan Steel, Bhushan Power & Steel, Essar Steel, LancoInfra, Amtek Auto, Electrosteel Steel, Jaypee Infra, Alok Industries and JyotiStructures, Era Infrastructure, ABG Shipyard and MonetIspat which together account for over 25% of the total bad loans of Rs 9 trillion of which Rs 6 trillion are with public sector banks alone.
Ask your questions on the topic we would respons to each and every comment that is being posted.

The Banking Association - which represents the country's major banks - has hailed the signing of the Financial SectorRegulationBill into law by President Zuma yesterday. The new law- commonly known as Twin Peaks- is aimed at further strengthening the regulation of the entire financial services sector in the country.
For more news, visit: http://www.sabc.co.za/news

The Banking Association - which represents the country's major banks - has hailed the signing of the Financial SectorRegulationBill into law by President Zuma yesterday. The new law- commonly known as Twin Peaks- is aimed at further strengthening the regulation of the entire financial services sector in the country.
For more news, visit: http://www.sabc.co.za/news

Outlook on housing finance sector : First Trade

IndiaBulls and Deewan Housing are potentially giving good returns in housing finance sector.
WatchFirstTrade and stay updated with the latest news and updat...

IndiaBulls and Deewan Housing are potentially giving good returns in housing finance sector.
WatchFirstTrade and stay updated with the latest news and updates of share market and stock exchange.
Zee Business is one of the leading and fastest growing Hindi business news channels in India.The channel has revolutionized business news by its innovative programming and path-breaking strategy of making business news a 24/7 activity as it is not just limited to the stock market. This has made Zee Business your channel to wealth and profit.
Besides updated hourly news bulletins, there is a lot to watch out for, whether it be stock market related detailed information, investments, mutual funds, corporate, real estate, travel or leisure. The channel has the most diverse programming portfolio which has positioned it as a channel of choice amongst viewers. By speaking a language of the masses, Zee Business is today the most preferred for business news.
Some of the popular shows of Zee Business are:
Share Bazar, MandiLive, Aap Ka Bazar, First Trade, Big Debate etc.

IndiaBulls and Deewan Housing are potentially giving good returns in housing finance sector.
WatchFirstTrade and stay updated with the latest news and updates of share market and stock exchange.
Zee Business is one of the leading and fastest growing Hindi business news channels in India.The channel has revolutionized business news by its innovative programming and path-breaking strategy of making business news a 24/7 activity as it is not just limited to the stock market. This has made Zee Business your channel to wealth and profit.
Besides updated hourly news bulletins, there is a lot to watch out for, whether it be stock market related detailed information, investments, mutual funds, corporate, real estate, travel or leisure. The channel has the most diverse programming portfolio which has positioned it as a channel of choice amongst viewers. By speaking a language of the masses, Zee Business is today the most preferred for business news.
Some of the popular shows of Zee Business are:
Share Bazar, MandiLive, Aap Ka Bazar, First Trade, Big Debate etc.

Debt Buyers: Last Week Tonight with John Oliver (HBO)

Companies that purchase debt cheaply then collect it aggressively are shockingly easy to start. We can prove it!
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China to further open finance sector to foreign companies

China has announced the plans to ease or eliminate investment restrictions on foreign companies in its financial market. In the future, foreign firms will be able to become large shareholders in Chinese financial service providers. Analysts say the move is most welcome for opening up financial markets in China, but it will take time to evaluate its full significance. What are these changes? How will China’s financial sector evolve in the coming years? And what challenges continue to face China’s financial reform?
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Top Cyber Threats in financial Sector

Financial institutions are increasingly facing attacks on multiple fronts.
Cyber criminals continue to target online banking using malware to hijack customer transactions and banking sessions. While there has been an overall drop in infections related to these consumer threats, financial institutions are now facing new types of attacks in the form of large-scale financial heists.
Attack groups such as Fin7 and Lazarus are deliberately targeting financial institutions in audacious attacks that are reaping large rewards. They are using living off the land and fileless attack tactics similar to APT groups. But also extortion with DDoS attacks or business email compromise (BEC) scams are increasingly bothering financial corporations.
In this webcast on the current financial threat landsca...

published: 28 Nov 2017

Agric Sector Financing - The Market Place on Joy News (14-10-16)

BoG launches initiative to support farmers with finance.

published: 14 Oct 2016

Financial Sector Regulations - PM Express on JoyNews (15-8-17)

Check out our 1 hour live Q&A where we discussed current news and strategies in crypto, the effects of macro economics in the market, world events and regulation leading to our next market crash, and personal finance to keep you on the right track! For more Q&A's like this, check out https://bit.ly/EXPERT_QnA and ask our staff!
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published: 15 Feb 2018

Microfinance Institutions - The Market Place on Joy News (17-10-16)

A threat to the entire financial sector if not better supervised.

published: 17 Oct 2016

Jim Willie -- US seeing the climax of collapse of the financial sector

Americans have been living under the illusion consumption produces jobs. And the financial sector has been artificially inflated. Dr. Jim Willie reveals the United States is seeing the climax of collapse of the financial sector and consumer economy.
Also in this interview, Willie reveals the Chinese are working on a major deal to pay for crude oil in Yuan. Other countries are moving away from the Dollar. He predicts the Dollar won’t collapse. Instead, it will rise, then simply vanish.

Career Opportunities in Banking Sector...PlanetFinance...Watch More Details..
'TV5News' is 'TeluguLive news' which gives 24 Hours 'Live News' covering 'politics news', 'sports news', 'entertainment news'. 'TV5 News Live' is 'Telugu live Streaming' on YouTube giving 'hourly news' updates. This is our 'Telugu Live TV' 'Live Streaming' on YouTube which can be accessed from anywhere across the Globe. 'News Update', 'Telangana News', 'Andhra News' along with 'popular celebrities' 'live' with 'Chit Chat' on their 'latest film reviews' and 'Latest movie updates'.
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Career Opportunities in Banking Sector...PlanetFinance...Watch More Details..
'TV5News' is 'TeluguLive news' which gives 24 Hours 'Live News' covering 'politics news', 'sports news', 'entertainment news'. 'TV5 News Live' is 'Telugu live Streaming' on YouTube giving 'hourly news' updates. This is our 'Telugu Live TV' 'Live Streaming' on YouTube which can be accessed from anywhere across the Globe. 'News Update', 'Telangana News', 'Andhra News' along with 'popular celebrities' 'live' with 'Chit Chat' on their 'latest film reviews' and 'Latest movie updates'.
Here you can find 'Telugu Live Breaking News' 'Telugu YouTube Live News'. We are one of the leading 'Telugu Live News Channel'. You can watch 'Telugu Live News Updates' 'Telugu Live News TV5'. We have 'Telugu Live News Website' http://www.tv5news.in. You can watch 'TV5 Live Streaming' from our website. On YouTube Watch 'TV5 Telugu News Online HD'.
For More Updates
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Companies that purchase debt cheaply then collect it aggressively are shockingly easy to start. We can prove it!
Connect with Last Week Tonight online...
Subscribe to the Last Week Tonight YouTube channel for more almost news as it almost happens: www.youtube.com/user/LastWeekTonight
Find Last Week Tonight on Facebook like your mom would:
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Follow us on Twitter for news about jokes and jokes about news:
http://Twitter.com/LastWeekTonight
Visit our official site for all that other stuff at once:
http://www.hbo.com/lastweektonight

Companies that purchase debt cheaply then collect it aggressively are shockingly easy to start. We can prove it!
Connect with Last Week Tonight online...
Subscribe to the Last Week Tonight YouTube channel for more almost news as it almost happens: www.youtube.com/user/LastWeekTonight
Find Last Week Tonight on Facebook like your mom would:
http://Facebook.com/LastWeekTonight
Follow us on Twitter for news about jokes and jokes about news:
http://Twitter.com/LastWeekTonight
Visit our official site for all that other stuff at once:
http://www.hbo.com/lastweektonight

China to further open finance sector to foreign companies

China has announced the plans to ease or eliminate investment restrictions on foreign companies in its financial market. In the future, foreign firms will be ab...

China has announced the plans to ease or eliminate investment restrictions on foreign companies in its financial market. In the future, foreign firms will be able to become large shareholders in Chinese financial service providers. Analysts say the move is most welcome for opening up financial markets in China, but it will take time to evaluate its full significance. What are these changes? How will China’s financial sector evolve in the coming years? And what challenges continue to face China’s financial reform?
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China has announced the plans to ease or eliminate investment restrictions on foreign companies in its financial market. In the future, foreign firms will be able to become large shareholders in Chinese financial service providers. Analysts say the move is most welcome for opening up financial markets in China, but it will take time to evaluate its full significance. What are these changes? How will China’s financial sector evolve in the coming years? And what challenges continue to face China’s financial reform?
Subscribe to us on YouTube: https://goo.gl/lP12gA
Download our APP on Apple Store (iOS): https://itunes.apple.com/us/app/cctvnews-app/id922456579?l=zh&ls=1&mt=8
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Financial institutions are increasingly facing attacks on multiple fronts.
Cyber criminals continue to target online banking using malware to hijack customer transactions and banking sessions. While there has been an overall drop in infections related to these consumer threats, financial institutions are now facing new types of attacks in the form of large-scale financial heists.
Attack groups such as Fin7 and Lazarus are deliberately targeting financial institutions in audacious attacks that are reaping large rewards. They are using living off the land and fileless attack tactics similar to APT groups. But also extortion with DDoS attacks or business email compromise (BEC) scams are increasingly bothering financial corporations.
In this webcast on the current financial threat landscape, Symantec takes a look at the most prevalent and significant financial threats.
In this webcast we will review:
- The top threats facing financial institutions with statistics and examples
- Explore the most common techniques employed in financial attacks
- Provide case studies of the most high-profile financial attacks of the past 12 months

Financial institutions are increasingly facing attacks on multiple fronts.
Cyber criminals continue to target online banking using malware to hijack customer transactions and banking sessions. While there has been an overall drop in infections related to these consumer threats, financial institutions are now facing new types of attacks in the form of large-scale financial heists.
Attack groups such as Fin7 and Lazarus are deliberately targeting financial institutions in audacious attacks that are reaping large rewards. They are using living off the land and fileless attack tactics similar to APT groups. But also extortion with DDoS attacks or business email compromise (BEC) scams are increasingly bothering financial corporations.
In this webcast on the current financial threat landscape, Symantec takes a look at the most prevalent and significant financial threats.
In this webcast we will review:
- The top threats facing financial institutions with statistics and examples
- Explore the most common techniques employed in financial attacks
- Provide case studies of the most high-profile financial attacks of the past 12 months

Check out our 1 hour live Q&A where we discussed current news and strategies in crypto, the effects of macro economics in the market, world events and regulatio...

Check out our 1 hour live Q&A where we discussed current news and strategies in crypto, the effects of macro economics in the market, world events and regulation leading to our next market crash, and personal finance to keep you on the right track! For more Q&A's like this, check out https://bit.ly/EXPERT_QnA and ask our staff!
Try our 4-Week ProfitTrial @ http://bit.ly/ALERTS_TRIAL
Follow and subscribe to our Social Media:
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Enhanced Investor tends to trade the same stocks as other well-known groups such as Tim Sykes, Tim Grittani, Investors Underground, Jason Bond Picks, Fous4Alerts, and Warrior Trading, Skyview Trading, ClayTrader, Ascend Trading, Modern_rock . We engage in daily reviews to jump-start the knowledge a beginner trader seeks. We hope to eventually help people interested in day trading to become professional through consistent strategies that work well with technical analysis. Of course, we don't overlook fundamentals, news, catalysts, and sector when determining where a stock can go.

Check out our 1 hour live Q&A where we discussed current news and strategies in crypto, the effects of macro economics in the market, world events and regulation leading to our next market crash, and personal finance to keep you on the right track! For more Q&A's like this, check out https://bit.ly/EXPERT_QnA and ask our staff!
Try our 4-Week ProfitTrial @ http://bit.ly/ALERTS_TRIAL
Follow and subscribe to our Social Media:
Twitter: https://twitter.com/EnhancedInvest
Twitter: https//twitter.com/EnhancedCrypto
----------------------------------------------------------------------------
Enhanced Investor tends to trade the same stocks as other well-known groups such as Tim Sykes, Tim Grittani, Investors Underground, Jason Bond Picks, Fous4Alerts, and Warrior Trading, Skyview Trading, ClayTrader, Ascend Trading, Modern_rock . We engage in daily reviews to jump-start the knowledge a beginner trader seeks. We hope to eventually help people interested in day trading to become professional through consistent strategies that work well with technical analysis. Of course, we don't overlook fundamentals, news, catalysts, and sector when determining where a stock can go.

Jim Willie -- US seeing the climax of collapse of the financial sector

Americans have been living under the illusion consumption produces jobs. And the financial sector has been artificially inflated. Dr. Jim Willie reveals the Uni...

Americans have been living under the illusion consumption produces jobs. And the financial sector has been artificially inflated. Dr. Jim Willie reveals the United States is seeing the climax of collapse of the financial sector and consumer economy.
Also in this interview, Willie reveals the Chinese are working on a major deal to pay for crude oil in Yuan. Other countries are moving away from the Dollar. He predicts the Dollar won’t collapse. Instead, it will rise, then simply vanish.

Americans have been living under the illusion consumption produces jobs. And the financial sector has been artificially inflated. Dr. Jim Willie reveals the United States is seeing the climax of collapse of the financial sector and consumer economy.
Also in this interview, Willie reveals the Chinese are working on a major deal to pay for crude oil in Yuan. Other countries are moving away from the Dollar. He predicts the Dollar won’t collapse. Instead, it will rise, then simply vanish.

Transformation in the financial sector is not enough

While the Financial service sector is slowly transforming its nowhere near enough. This was heard at that Banking Summit hosted by the Banking Association in Johannesburg today. The sector has long been criticised for the pedestrian way in which it empowers the previously disadvantaged.
For more news, visit: http://www.sabc.co.za/news

Breaking News - Fast-growing cyber crime threatens financial sector

The 'remorseless' growth of cyber crime is leading to 4,000 ransom attacks a day and gangs' technological capability now threatens critical parts of the financial sector, the head of Europol said on Wednesday.Online criminals have become so sophisticated that gangs have created 'conglomerations' with company structures that specialise in different criminal activities to carry out the attacks, Rob Wainwright, who leads the EU law enforcement agency, said.'What really concerns me is the sophistication of the capability, which is becoming good enough to really threaten parts of our critical infrastructure, certainly in the financial, banking sector,' he told Reuters.And while not all those 4,000 ransom attacks - which demand money to restore access to files that have been frozen or encrypted - are on banks, the financial services sector is seen as a key target because of the potential profits for the criminals.Even bank payment systems and ATM cash machines fall prey, Wainwright said.The launch of ransomware attacks such as Wannacry, which struck firms around the world in May and June, has changed the dynamic of such attacks, by propagating them more widely through companies' computer systems, Wainwright said.The rapidly spreading extortion campaigns underscored concerns that businesses have failed to secure their networks from increasingly aggressive hackers, who have shown they are capable of shutting down critical infrastructure and crippling corporate and government networks.'The real threat comes from a sort of exponential, remorseless increase in the scale and significance of cyber criminal capability,' Wainwright said on the sidelines of the Web Summit technology conference in Lisbon.He said every year there now 'seems to be a doubling, or tripling, of one kind of threat or another, in terms of scale'.He said the challenge of fighting cyber criminals is that they can be based 'in their bedrooms', making it difficult to find them.A majority of cyber criminals 'we are working against are Russian speaking, not just Russian', he said. Russia denies it is involved in hacking.Last year, police authorities in several countries smashed 20 criminal groups that had created a 'service-based economy' for the rest of the criminal market, such as providing ways to launder money or sell drugs online.Such criminals gangs operate on the so-called dark web, which can only be accessed with special software.It is used by criminals doing everything from selling drugs to guns, but also attacking payments systems and other parts of the financial system.'There is this sort of cyber criminal underworld that's a lot bigger and smarter and adept than most people think,' Wainwright said.'And, against it, we still have generally low cyber security standards.'
AutoNews- Source:
http://www.dailymail.co.uk/sciencetech/article-5063313/Fast-growing-cyber-crime-threatens-financial-sector-Europol.html?ITO=1490&ns_mchannel=rss&ns_campaign=1490

Eu moves to extend grip on financial sector after brexit News Today

Eu moves to extend grip on financial sector after brexit
BRUSSELS Reuters The European Commission on Wednesday proposed transferring some powers to oversee the financial sector from national capitals in a move to extend the EU’s grip on the industry as the bloc prepares for the departure of London, its main financial hub. The proposal is part of a broader longterm plan that could lead to common supervision of the European financial sector and widely exp...

Recapitalisation & Financial Sector Reforms
Hello friends,
Welcome back to Exambin’s Financial learning series. In this session we are going to know about the recapitalisation in financial sector and why it is needed at this time.
Why recapitalisation is in news?
RBI Governor has recently spoken about Recapitalisation of banks needs to be done with a clear and structured foresight.
What is recapitalisation?
• Generally, Recapitalization is a process of restructuring a company's debt and equity mixture, often with the aim of making a company's capital structure more stable or optimal.
• Re-capitalisation of banks means infusing additional capital that is liquid money into the banks in order to give them the liquidity needed to carry out lending and other banking functions.
• On that note, it is a positive sign that the RBI, as the sector’s regulator, and the government, as the principal shareholder of these banks, now are in consultations on the problem.
Why did the liquidity crunch arise?
• The banking sector is badly affected by the build-up of gross Non-Performing Assets (NPAs) which led to liquidity crunch.
• It has also been observed that NPAs are heavily concentrated in Public SectorBanks.
• Some PSBs have NPAs in the range of 15 to 24 per cent.
• This has resulted in slowdown in bank’s lending to industry and retail growth, thus holding back private investment in economic growth.
• The prevalence of bad loans also presents a serious systemic risk to the financial system.
How much is the figures to worry?
• Gross NPAs stood at almost 9.6% of the total bank loans at the end of the last financial year.
• Stressed advances are another 12 per cent as of March 2017
• As much as 86.5 per cent of GNPAs are accounted by large borrowers
• Total Bad loans is reportedly being at Rs.9 Trillion or 9 Lakh Crores.
What are the priorities in this regard?
• NPAProblem -Settling the existing bad loans might require banks to write off a considerable sum, which would affect their capital provisioning, thereby requiring re-capitalisation.
• But, given that NPAs are over Rs 9 lakh crores, a straightforward recapitalisation of PSBs would greatly strain the government’s fiscal position.
• Furthermore, in the absence of deep governance reform, it is uncertain that the NPA problem will ever be solved.
• It is essential, therefore, that the structure of any bank bailout be such that future bad behaviour is not incentivised.
• Disinvestment - Besides capital infusion by the government, raising capital from the market by dilution of government equity and sales of non-core assets are also being considered.
• Dilution of government equity must be accompanied by a reduction in effective government control to make it an attractive buy for the private sector.
• Incentive Mechanism -A mechanism to hold poor performer banks accountable and incentivising good ones is needed.
• Such an approach will produce a stronger public sector banking system.
• Certainly, India cannot afford to pour in more money to the bad performers by penalizing good performers.
What are the steps taken so far?
• The government has made a budgetary provision of pumping in Rs 75,000 crore into state-run banks for the four-year period ending March 2019.
• On June 13, the RBI had drawn up a list of 500 largest defaulters and made public 12 of the largest among the larger list and asked banks to get these accounts cleared through the National Company Law Tribunal.
• These 12 accounts comprise Bhushan Steel, Bhushan Power & Steel, Essar Steel, LancoInfra, Amtek Auto, Electrosteel Steel, Jaypee Infra, Alok Industries and JyotiStructures, Era Infrastructure, ABG Shipyard and MonetIspat which together account for over 25% of the total bad loans of Rs 9 trillion of which Rs 6 trillion are with public sector banks alone.
Ask your questions on the topic we would respons to each and every comment that is being posted.

Career Opportunities in Banking Sector...PlanetFinance...Watch More Details..
'TV5News' is 'TeluguLive news' which gives 24 Hours 'Live News' covering 'politics news', 'sports news', 'entertainment news'. 'TV5 News Live' is 'Telugu live Streaming' on YouTube giving 'hourly news' updates. This is our 'Telugu Live TV' 'Live Streaming' on YouTube which can be accessed from anywhere across the Globe. 'News Update', 'Telangana News', 'Andhra News' along with 'popular celebrities' 'live' with 'Chit Chat' on their 'latest film reviews' and 'Latest movie updates'.
Here you can find 'Telugu Live Breaking News' 'Telugu YouTube Live News'. We are one of the leading 'Telugu Live News Channel'. You can watch 'Telugu Live News Updates' 'Telugu Live News TV5'. We have 'Telugu Live News Website' http://www.tv5news.in. You can watch 'TV5 Live Streaming' from our website. On YouTube Watch 'TV5 Telugu News Online HD'.
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20:51

Debt Buyers: Last Week Tonight with John Oliver (HBO)

Companies that purchase debt cheaply then collect it aggressively are shockingly easy to s...

Debt Buyers: Last Week Tonight with John Oliver (HBO)

Companies that purchase debt cheaply then collect it aggressively are shockingly easy to start. We can prove it!
Connect with Last Week Tonight online...
Subscribe to the Last Week Tonight YouTube channel for more almost news as it almost happens: www.youtube.com/user/LastWeekTonight
Find Last Week Tonight on Facebook like your mom would:
http://Facebook.com/LastWeekTonight
Follow us on Twitter for news about jokes and jokes about news:
http://Twitter.com/LastWeekTonight
Visit our official site for all that other stuff at once:
http://www.hbo.com/lastweektonight

55:55

Davos 2016 - The Transformation of Finance

http://www.weforum.org/
What trends and uncertainties are shaping the future of financial...

China to further open finance sector to foreign companies

China has announced the plans to ease or eliminate investment restrictions on foreign companies in its financial market. In the future, foreign firms will be able to become large shareholders in Chinese financial service providers. Analysts say the move is most welcome for opening up financial markets in China, but it will take time to evaluate its full significance. What are these changes? How will China’s financial sector evolve in the coming years? And what challenges continue to face China’s financial reform?
Subscribe to us on YouTube: https://goo.gl/lP12gA
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Top Cyber Threats in financial Sector

Financial institutions are increasingly facing attacks on multiple fronts.
Cyber criminals continue to target online banking using malware to hijack customer transactions and banking sessions. While there has been an overall drop in infections related to these consumer threats, financial institutions are now facing new types of attacks in the form of large-scale financial heists.
Attack groups such as Fin7 and Lazarus are deliberately targeting financial institutions in audacious attacks that are reaping large rewards. They are using living off the land and fileless attack tactics similar to APT groups. But also extortion with DDoS attacks or business email compromise (BEC) scams are increasingly bothering financial corporations.
In this webcast on the current financial threat landscape, Symantec takes a look at the most prevalent and significant financial threats.
In this webcast we will review:
- The top threats facing financial institutions with statistics and examples
- Explore the most common techniques employed in financial attacks
- Provide case studies of the most high-profile financial attacks of the past 12 months

Market Outlook – Financial Sector Update and Compa...

FARAKHABAR: Finance Ministry Outlines Plan To Refo...

ADDIS ABABA, Ethiopia (AP) -- Ethiopia's defense minister on Saturday ruled out a military takeover a day after the East African nation declared a new state of emergency amid the worst anti-government protests in a quarter-century. The United States said it "strongly disagrees" with the new declaration that effectively bans protests, with a U.S ... He also ruled out a transitional government ... Learn more about our and . ....

In August 2016, a research plane was able to observe something strange in the atmosphere above Alaska's Aleutian Islands, lingering aerosol particle that was enriched with the same kind of uranium used in nuclear fuel and bombs, according to Gizmodo. The observation was the first time that scientists detected a particle free-floating in the atmosphere in over 20 years of plane-based observations ... ... -WN.com, Maureen Foody....

One day in August 1995 a man called Foutanga Babani Sissoko walked into the head office of the Dubai Islamic Bank and asked for a loan to buy a car. The manager agreed, and Sissoko invited him home for dinner. It was the prelude, writes the BBC's Brigitte Scheffer, to one of the most audacious confidence tricks of all time. Over dinner, Sissoko made a startling claim ... With these powers, he could take a sum of money and double it ... ....

MEXICOCITY. A strong earthquake shook southern and central Mexico Friday, causing panic less than six months after two devastating quakes that killed hundreds of people. No buildings collapsed, according to early reports. But two towns near the epicenter, in the southern state of Oaxaca, reported damage and state authorities said they had opened emergency shelters ... It was also felt in the states of Guerrero, Puebla and Michoacan ... AFP ... ....

Mexico City – A military helicopter carrying officials assessing damage from a powerful earthquake crashed Friday in southern Mexico, killing 13 people and injuring 15, all of them on the ground. The Oaxaca state prosecutor’s office said in a statement that five women, four men and three children were killed at the crash site and another person died later at the hospital ...Alejandro Murat, neither of whom had serious injuries ... The U.S ... ....

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The construction sector was a building block of the country’s economic development and the government was resolved to cement the industry's future growth by taking concrete measures to help mobilise more local and foreign investment in real estate, a minister said on Saturday ... Arif Jeva, chairman ABAD, said there was a vast potential in the country’s construction sector for investment and creating employment....

Industries in Coimbatore have the potential to become suppliers to the defence sector either directly or through the PublicSector Undertakings, large-scale industries, and or the ordnance factories, Rear Admiral V ... To supply to the defence sector, they might have to go back to processes adopted between industry 2.0 and industry 3.0 as the volume of the orders will be less initially....

Now the humanitarian community has become the latest sector forced to recognise it has a serious problem that has been neglected for too long ... As a sector we are learning how to respond ... It is easy to demonise an entire sector, but that is dangerous ... This is not a time for dissension, nor should Oxfam be treated as a scapegoat for a sector-wide issue....

According to a statement signed by Director, Corporate Affairs, Ibitoye Abosede and sent to THISDAY, Ekere remarked that the power project was one of the critical areas where private sector participation was required to encourage investors to set up industries in the Niger Delta, lamenting that the high cost of power in the region was increasing the operational cost of industries and thus serving as a disincentive ... ....

A ripple effect on credit flow is likely to be witnessed by the jewellery industry in the backdrop of the PNB scam. "Some ripple effects are bound to be there and it will have a psychological impact in the ... ....

The law of the land must work as indicated, but ease of business is not there when we get down to the local levels, the Telecom Operators body COAI said. COAI said it does not see "ease of doing ... ....

The writer is a student of public policy, private sector dynamics and political economy influences ... The 17 SDGs envisage a substantial role for the private sector. Nearly half the goals are directly linked to action by the private sector ... My own estimates for SDGs-related opportunities in Pakistan are north of $65 billion, with bright prospects for job creation and value addition in select sectors....

Migrants working in the adult social care sector contribute £4.4bn to the English economy annually, according to figures released to mark the One DayWithout Us (1DWU) event ... The figures, from the New Economics Foundation thinktank, show that if migrants in the sector stopped working for one day there would be a £17m shortfall ... social care sector....

He was speaking at the IT-BPM BrandLaunch at BMICH on Thursday to launch the official brand of the Sri Lankan IT-BPM sector – ‘Island of Ingenuity’ ... The sector has been identified as one of six priority focus sectors, with a focused plan of action that was co-created with industry leaders ... The IT initiative will also support regional IT entrepreneurship and skills availability for the sector....

They warned there needed to be more clarity on the future of the food and farm industry, including a sector-by-sector analysis, and urged ministers to consider setting up a fund for the food-producing industry to adapt to Brexit. MPs call for more clarity for food and farmer sector post-Brexit (Julien Behal/PA)....